Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
Charity number: 1199331
THE HOLY TRINITY GATESHEAD CHURCH TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 5 |
| Independent Examiner's Report | 6 - 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 - 21 |
Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025
| Trustees | C Houghton, ex-officio trustee |
|---|---|
| C H Causier | |
| T Davies | |
| D Dawes | |
| J M Steer | |
| R P Adcock1 | |
| C J Williams1 | |
| 1 Trustees nominated by the Jesmond Trust Charity registered number 1199331 Principal office Holy Trinity Church Marigold Avenue Gateshead NE10 0DP Accountants Kinnair and Company Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB Website https://www.holytrinitygateshead.org.uk/ |
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees present their annual report together with the financial statements of the Charity for the period 1 September 2024 to 31 August 2025.
Holy Trinity Gateshead Church Trust Charitable Incorporated Organisation (the CIO) was registered 16th June 2022 to continue the work of Holy Trinity Church Gateshead (HTG) founded 15th January 2008 by Jesmond Parish Church, Newcastle. The assets, operations and activities of the Holy Trinity Gateshead church were successfully transferred to the Holy Trinity Gateshead Church CIO on 5th April 2023 from the Jesmond Trust.
Objectives and activities
Policies and objectives
The CIO is concerned to see the advancement of the Christian Religion in and beyond Gateshead by the sharing of the Christian Gospel message with those who haven't heard it and the growing to maturity in faith of existing believers through the ministry of the clergy, staff, and other members of the Holy Trinity Gateshead church.
Our formal charitable objective is to see the advancement of the Christian Religion through the provision of property (including accommodation for clergy), finance, ministry and other help for the whole mission of the Church, pastoral, evangelistic, social and ecumenical in accordance with the Anglican doctrine that is “grounded in the Holy Scriptures, and in such teachings of the ancient Fathers and Councils of the Church that are agreeable to the said Scriptures.”
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Strategy and activities undertaken to achieve objectives
HTG gathers for public services and conducts various activities in the pursuit of the objectives stated. We also partner with other churches through the diocese of the Anglican Mission in England for mutual support spiritually and contribute financially to the central costs of the diocese.
Achievements and performance
Main activities undertaken to further the Charity's purposes for public benefit and achievements of the Charity
Our core activity is our weekly Sunday service, which provides public worship focused on prayer; clear, accessible Bible teaching; vibrant sung worship; and congregational fellowship. These services are designed both to nurture the faith of existing members and to welcome those new to the Christian faith, with opportunities to explore the gospel further through periodic evangelistic courses during the year.
Alongside Sunday worship, the charity delivers a structured programme of age-appropriate ministry for children and young people, including a crèche, children’s groups, and a fortnightly youth group. Monthly all-age services encourage participation across the generations.
We also support spiritual growth through midweek small groups, including Home Groups and Women’s Bible studies, and an annual church day away.
Many of these activities are ably led by trained volunteers, supported by staff, and overseen by the Senior Minister and Church Council.
To strengthen pastoral care within our small groups, structured pastoral care training for Home Group leaders was introduced during the year, in partnership with the theological training provider, Crosslands.
Significant milestones in faith development were celebrated, including seven confirmations in November 2024 and six baptisms over the course of the year. These baptisms included a number of young people publicly
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
affirming their personal faith in Jesus, which was a moment of great joy for the church.
Growth and Development of Sunday Services
Following the ongoing numerical growth of those attending our Sunday services, we invested significantly in practical improvements during the year, with the purchase of new chairs to increase our seated capacity in our main auditorium by 25%, to accommodate a total of 250 people at once.
The Church Council has continued to give a significant amount of time, thought, and prayer to how we continue growing sustainably and deepen our fellowship in the years ahead, and having evaluated a number of potential options, took the bold decision to start a second Sunday service from September 2025. The latter part of the year has been spent consulting with the church family and making practical preparations for this big change.
Staff, Leadership and Governance
The year saw significant developments in staffing, with 2 key appointments being made. Revd. Tim Lewis joined the staff team as our new Assistant Minister (Families) in March 2025 and he subsequently helped to oversee the recruitment of a new Youth Worker who will join the team in September 2025, widening our capacity to deliver our charitable activities, particularly among children and young people.
The charity also supported mission beyond its immediate context through our strategic support of mission partners, which include a Scripture Union regional director; a couple working at a Christian Hospital in the middle east; Innovista, an organisation that seeks to equip and strengthen local leaders in countries from UK & Ireland to Ukraine, Moldova and other parts of eastern Europe; and a new AMiE church plant in the nearby town of South Shields.
Further steps were taken to recognise and support pastoral leadership within the charity. This included an increase in working hours for one staff member to reflect responsibilities already being carried, and involvement in wider diocesan and network level ministry.
At a strategic level, the Senior Minister undertook additional regional and national responsibilities within Anglican and other local networks, including serving on the AMiE Ordination Team; the Anglican Network in Europe communications team, and teaching on the North East Gospel Partnership training course; contributing to the strengthening of churches beyond the charity itself.
Trustees devoted significant time during the year to staff care and governance. This included increasing annual leave entitlement, revising sabbatical policy to ensure equity for part time pastoral staff, and developing a staff handbook to clarify expectations and responsibilities. Preparatory work was also undertaken in anticipation of reviewing a range of operational policies in the coming year, including health and safety, IT and social media, lone working, and food hygiene.
Outreach events
The charity continued to engage actively in outreach and evangelistic activity throughout the year. Links with local primary schools deepened through assemblies and practical support initiatives. Leaflet distribution and occasional outreach events have had a measurable impact in raising awareness of the church in the local area.
Regular outreach events for the local community include a longstanding weekly ‘Tots’ group for parents and their babies and toddlers during term time. Special events are regularly run to invite the wider community to come and join in the fellowship of the church and encounter the gospel.
We built on the success of last year’s Summer Fare for the local community, running a similar even in June 2025; which included a jumble sale and free access to a bouncy castle, giant inflatable slide, bike repair station, cakes, crafts and much more. We saw many guests from the local community coming into the building for the first time.
A highpoint in the year was the annual ‘Holiday Club’ which ran for five mornings at the start of the summer school holiday followed by a special Sunday service. Local primary aged children were cared for by church
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
members with games, drama, puppets, singing and a bible talk each day. We saw more children from the local primary school coming along this year, with a total of 100 different children coming across the 5 days.
Our ‘Saturday Cinema’ events, where we screen children's films as a cheap and fun event for local families, continued to have prove popular with up to 80 people coming to each event, the majority of whom don’t come to other church events / activities.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Reserves policy
The CIO’s reserves policy is to hold short-term reserves sufficient for working capital – this is estimated to be no less than 3 and 6 months of total staff costs - between £27,000 - £54,000. Trustees are satisfied with the current level of reserves which are set out in more detail below.
Financial Review
During the period the CIO’s total income was £289,150, with £282,862 of that from voluntary donations of cash and receivable gift aid. The Trustees thank God for his generous provision. Total expenditure was £230,756. Therefore, the CIO made a surplus of £58,394 for the period.
The CIO held unrestricted fund balances at 31st August 2025 of £1,193,538. These were made up of a surplus in the General Fund of £123,786 and a surplus of £1,069,752 in the Capital Reserve. The CIO also held a restricted fund balance of £nil (2024 - £13,406) in relation to “Special Projects”, the current year’s project of the planned replacement of all the chairs and bibles in the main auditorium having been carried out during the year with all the restricted funds spent on the intended items.
The free reserves of the CIO after accounting for fixed assets held by the charity and their related loan (which do not form part of the free reserves) were £123,786. The reserves are currently higher than the policy due to a large, unrestricted, one-off gift received during the year. The trustees decided to use these extra funds to provide tapered funding towards a youth worker as the church continues to grow and reach out to local families and schools. The youth worker started work at HTG on 1st September 2025.
Structure, governance and management
Constitution and organisational structure
Holy Trinity Gateshead is the operating name of The Holy Trinity Gateshead Church Trust, a Charitable Incorporated Organisation (CIO) registered with the Charity Commission for England & Wales, to enable the church and its ministry to benefit from operating as a UK charity. The governing document is a constitution based on the foundation model of CIO.
The Holy Trinity Gateshead Church Trust (registered charity 1199331) is managed by its Charity Trustees, who are also the voting members of the CIO. The Charity Trustees are accountable to the Charities Commission. The Church Council, which meets monthly, advises and supports the Trustees and is fully accountable to the Trustees.
Trustee Responsibilities
HTG’s Trustees manage all the affairs of the Holy Trinity Gateshead Church Trust, exercising the powers of the CIO to further the objects of the charity.
Church Council Responsibilities
The Church Council’s purpose is to advise, support, and assist the Senior Minister and the Trustees to ensure
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
that the church fulfils its purpose pastorally, evangelistically, societally, and ecumenically as outlined in the objects of the charity.
Methods of appointment or election of Trustees
All Trustees must:
-
Be committed and mature Christians, in good standing and membership of a church.
-
Be of proven godly character in accordance with the character requirements for Deacons in the New Testament (1 Timothy 3v8-13).
-
Be in full agreement with the objects of The Holy Trinity Gateshead Church Trust and reaffirm this annually.
-
Be a qualified and suitable person to be a Trustee of a charity and must reaffirm this annually.
The Senior Minister of Holy Trinity Gateshead church is an ex-officio Trustee of the CIO for the duration of his service as the Senior Minister of the church.
HTG Appointed Trustees are members of the HTG church family. Some of them will serve on the Church Council. They are able to provide the Trustees with an on the ground perspective from within the church family and enable better communication between the church and the Trustees.
A new Trustee must be appointed by a resolution passed at a Trustee meeting. They can be removed by the same process.
It is expected that Trustee appointments will take into consideration the views of the Church Council.
Jesmond Trust Nominated Trustees are members of other churches, appointed by the Jesmond Trust (Registered Charity 1193725) to bring insight from outside the church family, to help secure the objects of the CIO in the long term, and maintain our connection to the wider church. This provision reflects our historic and ongoing connections with The Jesmond Trust, as founders of HTG, and their continuing role as a patron.
Approved by order of the members of the board of Trustees on and signed 11-Jun-2026 on their behalf by:
Christopher Houghton Trustee
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025
Independent Examiner's Report to the Trustees of The Holy Trinity Gateshead Church Trust ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2025.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 11-Jun-2026
Mai L C Mak BSc. Hons. FCA Chartered Accountant
Kinnair and Company Limited Chartered Accountants Aston House Newcastle Upon Tyne
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Other income Total income Expenditure on: Charitable activities Total expenditure Net income Transfers between funds 14 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 268,882 5,469 650 169 275,170 230,756 230,756 44,414 27,386 71,800 1,121,738 71,800 1,193,538 |
Restricted funds 2025 £ 13,980 - - - 13,980 - - 13,980 (27,386) (13,406) 13,406 (13,406) - |
Total funds 2025 £ 282,862 5,469 650 169 289,150 230,756 230,756 58,394 - 58,394 1,135,144 58,394 1,193,538 |
Total funds 2024 £ 217,805 4,944 - 1,073 |
|---|---|---|---|---|
| 223,822 | ||||
| 206,151 | ||||
| 206,151 | ||||
| 17,671 - |
||||
| 17,671 | ||||
| 1,117,473 17,671 |
||||
| 1,135,144 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 21 form part of these financial statements.
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
BALANCE SHEET AS AT 31 AUGUST 2025
| Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 13 Total net assets Charity funds Restricted funds 14 Unrestricted funds 14 Total funds |
13,647 120,028 133,675 (12,053) |
2025 £ 1,137,547 1,137,547 121,622 1,259,169 (65,631) 1,193,538 - 1,193,538 1,193,538 |
11,266 76,942 88,208 (14,277) |
2024 £ 1,129,226 1,129,226 73,931 1,203,157 (68,013) 1,135,144 13,406 1,121,738 1,135,144 |
|---|---|---|---|---|
The financial statements were approved and authorised for issue by the Trustees on and 11-Jun-2026 signed on their behalf by:
Christopher Houghton
Trustee
The notes on pages 10 to 21 form part of these financial statements.
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. General information
The charity is a Charitable Incorporated Organisation, registered with the Charity Commission in England and Wales. Its registered office is at Holy Trinity Church, Marigold Avenue, Gateshead NE10 0DP.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Holy Trinity Gateshead Church Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
These financial statements are drawn up on the going concern basis.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations are included in the Statement of Financial Activities on a receivable basis.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
2. Accounting policies (continued)
2.4 Expenditure (continued)
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost or their fair value if they have been donated. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
The estimated useful lives are as follows:
| Freehold property | - | up to 100 years |
|---|---|---|
| Long-term leasehold property | - | Over the remaining lease term (84 years from |
| the date of donation) | ||
| Fixtures and fittings | - | 10 years (3 to 7 years for donated assets) |
| Computer equipment | - | 3 years |
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
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THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
2. Accounting policies (continued)
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Pensions
The Charity contributes to personal pension plans for its employees. The charge in the financial statements is equal to the payments made by the Charity during the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted funds 2025 £ Other donations 268,882 Unrestricted funds 2024 £ Other donations 204,399 204,399 |
Restricted funds 2025 £ 13,980 Restricted funds 2024 £ 13,406 13,406 |
Total funds 2025 £ 282,862 |
|---|---|---|
| Total funds 2024 £ 217,805 |
||
| 217,805 |
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
4. Income from charitable activities
| Unrestricted funds 2025 £ Evangelism and Outreach 1,586 Fellowship and small groups 1,850 Youth and children 2,033 5,469 |
Total funds 2025 £ 1,586 1,850 2,033 5,469 |
Total funds 2024 £ 1,202 1,323 2,419 |
|---|---|---|
| 4,944 |
5. Investment income
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Bank interest receivable | 650 | 650 | - |
6. Analysis of expenditure by activities
| Evangelism and Outreach Fellowship and small groups Partnership Services Youth and children Property |
Activities undertaken directly 2025 £ 16,709 25,133 26,580 32,549 28,383 - 129,354 |
Support costs 2025 £ 7,001 11,667 2,333 14,001 11,667 54,733 101,402 |
Total funds 2025 £ 23,710 36,800 28,913 46,550 40,050 54,733 |
|---|---|---|---|
| 230,756 |
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
6. Analysis of expenditure by activities (continued)
| Evangelism and Outreach Fellowship and small groups Partnership Services Youth and children Property |
Activities undertaken directly 2024 £ 15,230 23,803 27,375 29,481 26,602 - 122,491 |
Support costs 2024 £ 10,397 10,851 2,170 13,022 10,851 36,369 83,660 |
Total funds 2024 £ 25,627 34,654 29,545 42,503 37,453 36,369 |
|---|---|---|---|
| 206,151 |
Analysis of support costs
| Staff costs Depreciation Property management charges and contracts Rent and rates Repairs & renewals - Church building Energy costs Accountancy & independent report fees Professional fees Insurance Safeguarding Trustee expenses Office and administration costs Other staff costs Mortgage interest |
Total funds 2025 £ 16,444 20,772 7,609 20,097 2,261 13,539 2,699 (305) 2,117 644 - 5,244 6,287 3,994 101,402 |
Total funds 2024 £ 15,899 17,883 7,204 7,281 3,518 14,002 2,858 35 1,917 1,669 11 3,926 3,088 4,369 |
|---|---|---|
| 83,660 |
Support costs are allocated to charitable activities on the basis of estimated use of staff resources as follows:- Evangelism and outreach - 15%; Fellowship and small groups - 25%; Partnership - 5%; Services - 30%; Youth and children - 25%
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
7. Independent examiner's remuneration
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 2,160 | 2,040 |
8. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2025 £ 92,893 1,930 13,961 108,784 |
2024 £ 90,392 1,942 11,065 |
|---|---|---|
| 103,399 |
The average number of persons employed by the Charity during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Activities of the church | 4 | 4 |
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel of the charity are the Trustees who are not remunerated except as stated below.
9. Trustees' remuneration and expenses
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Christopher Houghton | Remuneration | 31,276 | 29,618 |
| Pension contributions paid | 6,255 | 6,721 |
During the year ended 31 August 2025, expenses totalling £ 1,277 were reimbursed or paid directly to 1 Trustee (2024 - £1,250 to 2 Trustees) .
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
10. Tangible fixed assets
| Cost or valuation At 1 September 2024 Additions At 31 August 2025 Depreciation At 1 September 2024 Charge for the year At 31 August 2025 Net book value At 31 August 2025 At 31 August 2024 Debtors Due within one year Other debtors Prepayments and accrued income |
Freehold property £ 196,458 - 196,458 5,614 2,806 8,420 188,038 190,844 |
Long-term leasehold property £ 940,039 - 940,039 22,382 11,190 33,572 906,467 917,657 |
Fixtures and fittings £ 27,613 29,093 56,706 6,889 6,775 13,664 43,042 20,724 2025 £ 11,368 2,279 13,647 |
Total £ 1,164,110 29,093 |
|---|---|---|---|---|
| 1,193,203 | ||||
| 34,885 20,771 |
||||
| 55,656 | ||||
| 1,137,547 | ||||
| 1,129,225 | ||||
| 2024 £ 9,093 2,173 11,266 |
11. Debtors
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THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
12. Creditors: Amounts falling due within one year
| Bank loans Trade creditors Other creditors Accruals and deferred income Creditors: Amounts falling due after more than one year Bank loans Included within the above are amounts falling due as follows: Between one and two years Bank loans Between two and five years Bank loans Over five years Bank loans |
2025 £ 2,166 3,586 - 6,301 12,053 2025 £ 65,631 2025 £ 2,200 7,000 56,431 |
2024 £ 1,950 5,147 1,140 6,040 |
|---|---|---|
| 14,277 | ||
| 2024 £ 68,013 |
||
| 2024 £ 2,100 |
||
| 7,000 | ||
| 58,913 |
13. Creditors: Amounts falling due after more than one year
The bank loan of £67,797 is secured by first legal charge over 10 Radcliffe Close which is stated at £188,038 in these accounts.
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
14. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Capital Reserve Restricted funds Restricted Funds - all funds Total of funds |
Balance at 1 September 2024 £ 62,475 1,059,263 1,121,738 13,406 1,135,144 |
Income £ 275,170 - 275,170 13,980 289,150 |
Expenditure £ (230,756) - (230,756) - (230,756) |
Transfers in/out £ 16,897 10,489 27,386 (27,386) - |
Balance at 31 August 2025 £ 123,786 1,069,752 |
|---|---|---|---|---|---|
| 1,193,538 | |||||
| - | |||||
| 1,193,538 |
The Capital Reserve fund contains the net book value of fixed assets held by the CIO, less the loan related to one of the properties held. The expenditure charged against this Reserve relates to the depreciation of fixed assets plus the interest charged on the loan.
Transfers are made to the Capital Reserve from the General Fund to reflect additions of fixed assets and payments made in respect of the loan.
The Restricted fund Special Projects reserve was used for specific one-off appeals towards particular projects, usually related to capital expenditure.
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
14. Statement of funds (continued)
Statement of funds - prior year
| Balance at | Balance at | ||||||
|---|---|---|---|---|---|---|---|
| 1 | September | Transfers | 31 August | ||||
| 2023 | Income | Expenditure | in/out | 2024 | |||
| £ | £ | £ | £ | £ | |||
| Unrestricted funds | |||||||
| Capital Reserve | 1,066,376 | - | - | (7,113) | 1,059,263 | ||
| General funds | 51,097 | 210,416 | (206,151) | 7,113 | 62,475 | ||
| 1,117,473 | 210,416 | (206,151) | - | 1,121,738 | |||
| Restricted funds | |||||||
| Special projects reserve | - | 13,406 | - | - | 13,406 | ||
| Total of funds | 1,117,473 | 223,822 | (206,151) | - | 1,135,144 | ||
| Summary of funds | |||||||
| Summary of funds | - current year | ||||||
| Balance at 1 | Balance at | ||||||
| September | Transfers | 31 August | |||||
| 2024 | Income | Expenditure | in/out | 2025 | |||
| £ | £ | £ | £ | £ | |||
| General funds | 1,121,738 | 275,170 | (230,756) | 27,386 | 1,193,538 | ||
| Restricted funds | 13,406 | 13,980 | - | (27,386) | - | ||
| 1,135,144 | 289,150 | (230,756) | - | 1,193,538 | |||
15. Summary of funds
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
15. Summary of funds (continued)
Summary of funds - prior year
| General funds Restricted funds |
Balance at 1 September 2023 £ 1,117,473 - 1,117,473 |
Income £ 210,416 13,406 223,822 |
Expenditure £ (206,151) - (206,151) |
Transfers in/out £ - - - |
Balance at 31 August 2024 £ 1,121,738 13,406 |
|---|---|---|---|---|---|
| 1,135,144 |
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Tangible fixed assets 1,137,547 Current assets 133,675 Creditors due within one year (12,053) Creditors due in more than one year (65,631) Total 1,193,538 |
Total funds 2025 £ 1,137,547 133,675 (12,053) (65,631) |
|---|---|
| 1,193,538 |
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2024 £ 1,129,226 74,802 (14,277) (68,013) 1,121,738 |
Restricted funds 2024 £ - 13,406 - - 13,406 |
Total funds 2024 £ 1,129,226 88,208 (14,277) (68,013) |
|---|---|---|---|
| 1,135,144 |
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Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161
THE HOLY TRINITY GATESHEAD CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
17. Pension commitments
The charity contributes to contribution pension schemes for its employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £13,962 (2024 - £11,065). No amounts were payable to the fund at the balance sheet date.
18. Related party transactions
Five Trustees or their close relations (2024 - five) have made donations to the CIO totalling £76,373 (2024 - £34,175) in the year. This included a one-off donation from one trustee of £40,000.
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